To enhance security measures for investors, leading bourse National Stock exchange (NSE) today said it will implement a two-factor authentication for users of e-IPOs web-based application from June 20.
The exchange launched its new electronic Initial Public Offers or e-IPO bidding system in January.
The system has the facility of web-based log-in through the internet, offline bid entry post market hours, download facility of orders and order history, among others.
“In order to enhance the security measures, the Exchange shall be implementing Two factor authentication (2FA) for user of e-IPO web-based application,” NSE said in a circular.
Two-factor authentication is a security process in which the user provides two means of identification from separate categories of credentials.
The new facility will be implemented with effect from June 20. It will be optional till June 24 but will become mandatory with effect from June 27.
Earlier, the exchange has already implemented two-factor authentication for users of its web-based mutual fund platform as well as in negotiated trade platform.